Gardnerville Water Company Inc (EIN 880142280) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1926

Legal Domicile

Principal Officer

David Ellison

Phone

7757822339

Tax Period

2024-01-01 to 2024-12-31

Gardnerville Water Company Inc, founded in 1926, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $594K, a strong 25% operating margin.

Mission

TO PROVIDE WATER SERVICE TO THE RESIDENTS AND BUSINESSES OF THE TOWN OF GARDNERVILLE. THIS SERVICE IS NOT PROVIDED BY A STATE OR LOCAL GOVERNMENT AGENCY OR ANY OTHER UTILITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,005,457

Investment Income $390,316

Other Revenue $3,456

TOTAL REVENUE $2,399,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $837,968

Fundraising Expenses $0

Program Expenses $0

Other Expenses $966,851

TOTAL EXPENSES $1,804,819

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,399,229	$1,686,254	+0.4%
Expenses	$1,804,819	$1,734,882	+0.0%
Net Income	$594,410	$-48,628	-13.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$33,600

Key Employees

$246,425

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ELLISON	CHAIRMAN	8.00	Director	$7,200	$0	$7,200
DOUGLAS SONNEMANN	VICE CHAIRMAN	6.00	Director	$6,600	$0	$6,600
BARBARA HENNINGSEN	SECRETARY	6.00	Director	$6,600	$0	$6,600
CARL SPAHR	TREASURER	6.00	Director	$6,600	$0	$6,600
KENNETH DEERING	MEMBER-AT-LARGE	6.00	Director	$6,600	$0	$6,600
MARK LOVELADY	MANAGER	40.00	Key Emp	$130,503	$0	$130,503
KRISTIEN BENNETT	FINANCIAL OFFICER & HR	40.00	Key Emp	$115,922	$0	$115,922

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$2,399,229	$1,804,819	$19,515,479	$594,410
2023	$1,686,254	$1,734,882	$18,925,822	$-48,628
2022	$1,972,417	$1,719,143	$19,036,916	$253,274
2021	$1,712,543	$1,476,433	$18,763,748	$236,110
2020	$1,337,505	$1,540,998	$18,530,588	$-203,493
2019	$1,499,372	$1,405,459	$18,733,932	$93,913
2018	$1,358,753	$1,334,916	$18,633,253	$23,837

Gardnerville Water Company Inc